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Steppenwolf7
champcarguru
Joined: 24 Nov 2004
Posts: 1001
Location: Ege Bamyasi => Where the streets have no names
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 Posted: Thu Jan 28, 2010 12:05 pm Post subject: VISION Is Kaput ?!?! |
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Latest word in the street is that "Vision Racing" has closed shop and everybody got sent home packing !!!
Kurt Kavin says he'll have the story in IndyStar soon. 
There is God, afterall.  
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  They think they've got me by the balls... their hands aren't big enough ?! = Bernie Ecclestone |
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SnowmanX
champcaracer
Joined: 08 Oct 2006
Posts: 483
Location: [Don't Eat The Yellow Snow] Where The Huskies Go
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| Posted: Thu Jan 28, 2010 12:27 pm Post subject: |
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| IndyStar wrote: |
Tony George shuts down racing team
By Curt Cavin
Tony George's Indy-car team suspended operations today due to a lack of sponsorship, completing a downfall of his involvement with major open-wheel racing.
George was asked to resign his position as chief executive officer of Indianapolis Motor Speedway last summer, in part because of his commitment to Vision Racing. George subsequently resigned his leadership role with the Indy Racing League, a series he started in 1996 as an alternative to CART.
George's Indianapolis-based team was a family entity. It was co-owned by George, his wife, Laura, and actor Patrick Dempsey with the George's son, Ed Carpenter, as the driver. Carpenter's sister, Lauren George, wrote for the team's Website.
The team was formed in 2005 as the Georges purchased the assets of former IRL team Kelley Racing. It operated out of a 32,000 square foot facility on the Northwestside.
The team's best result in 121 starts was a second-place finish at last year's event at Kentucky Speedway. Team Penske's Ryan Briscoe edged Carpenter at the finish line by 0.0162 seconds.
Many of Vision's staff of about 16 were released today in what Carpenter described as emotional as George addressed team members.
"We're suspending operations, but I don't know fully what that means," Carpenter said. "We're still pursuing opportunities to resume operations." |
So this is it, TG has bailed out for high ground... no more TG nor his stinking "Vision" !! 
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  FTG & FKK SUCK !! |
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Stools
champcaracer
Joined: 09 Jun 2005
Posts: 429
Location: Fargo, North Dakota... God's country! And a long fricken drive to any track worth going to!
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| Posted: Thu Jan 28, 2010 2:03 pm Post subject: |
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This was of no surprise. He's lost total control of everything. Like he was going to stick around and "run" a back of the pack piddly ass crapwagon team.
He just formed the team to play around with while he was the czar of everything else. To make his wife happy that they created a ride her tool of a son. With the kingdom gone he doesn't have it in him to waste his time. Not that he put any in in the first time. His team was a failure just like everything else he touches.
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 DIE EARL, DIE !!!  |
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Mospeada
champcarguru
Joined: 31 Jul 2004
Posts: 1580
Location: near the fence, on the other side...
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| Posted: Thu Jan 28, 2010 2:24 pm Post subject: |
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I think this is what they call a tragic comedy. I want to laugh because a fool blew millions on an idea that everyone knew was doomed and now he's had all his power stripped away to the point that the thing he wanted most is now that which he hated.
That's the comedy.
The tragic part is all the people he put out of work, drivers who never got rides and fans who have been forgotten and have themselves moved on.
Mos
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Reynard
champcaracer
Joined: 13 Feb 2004
Posts: 263
Location: The smoldering wreckage
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| Posted: Thu Jan 28, 2010 2:34 pm Post subject: |
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Soooo....
Now that we have a single open wheel series with Penske, Ganassi, Andretti, Kalkhoven, Vasser, Haas, Bachelart, Wiggins...and a shortened "month of May," overseas street races, more road/street circuits than ovals...apparently no involvement by T. George whatsoever...now that we have this series...what do we really have here?
Sounds to me like CART with crappier spec cars and motors.
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Comedy = tragedy + time |
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SeventhGear
champcarguru
Joined: 22 Oct 2005
Posts: 1498
Location: Bermuda Triangle
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| Posted: Thu Jan 28, 2010 3:30 pm Post subject: |
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| Reynard wrote: | Soooo....
Now that we have a single open wheel series with Penske, Ganassi, Andretti, Kalkhoven, Vasser, Haas, Bachelart, Wiggins...and a shortened "month of May," overseas street races, more road/street circuits than ovals...apparently no involvement by T. George whatsoever...now that we have this series...what do we really have here?
Sounds to me like CART with crappier spec cars and motors. |
And that really is a "Tragi-comedy" - now we have a "Floundering CART2 Series" without TG but with the same woes:
a/ where will we race next ??
b/ where are the sponsors ??
c/ where is our next car ??
d/ where is our next buyer ??
The vicious circle of AOWR shall go on. Long live the memory of TG. 
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Anybody who listens to Gentilozzi about anything needs to get their heads examined !! - Robin Miller
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Ruhiat.Ari
champcarguru
Joined: 27 Oct 2005
Posts: 1598
Location: Virginia Beach
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| Posted: Thu Jan 28, 2010 5:26 pm Post subject: |
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| Robin Miller of SPEEDtv wrote: |
Vision Suspends Operations
by Robin Miller
Tony George's last tie to the series he started is over -- at least for the foreseeable future.
The IndyCar Series took a hit with the loss of Vision Racing, as reported by Robin Miller. (LAT)
The Indy Racing League founder met with his team Thursday morning and informed them that Vision Racing was suspending operation. After losing sponsorship from John Menard a few months ago, George had kept the doors open while he and driver/stepson Ed Carpenter searched for funding.
Formed in 2005 to provide Carpenter with a full-time ride, Vision branched out to two cars in 2006 with Tomas Scheckter and was a three-car operation in '07 with A.J. Foyt IV. It was reduced to two cars in '08, except for the Indy 500 where Davey Hamilton participated and at Edmonton, where Paul Tracy finished fourth.
Last season was back to a one-car effort for Carpenter, who scored the team's best-ever finish of second at Kentucky after leading 34 laps and missing victory by a couple feet to Ryan Briscoe.
George, ousted as Indianapolis Motor Speedway president and CEO in May of 2009, declined to remain as IndyCar's CEO and last week resigned his positions on the board of directors at IMS and Hulman & Company. |
Finally TG is gone for good - time to rejoice ?!?!?!?!
...And who has won the fuckin' war, heh ?!
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UKRacingFan
champcarfan
Joined: 29 Jun 2006
Posts: 61
Location: Kent, England
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| Posted: Thu Jan 28, 2010 6:56 pm Post subject: |
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| nothing left to win! |
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stmookeyj
champcarmanic
Joined: 20 Aug 2004
Posts: 881
Location: Australia
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| Posted: Thu Jan 28, 2010 9:43 pm Post subject: |
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| Ruhiat.Ari wrote: |
...And who has won the fuckin' war, heh ?! |
No-one, there are no winners in Wars, only losers.
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STICKING IT UP AMERICA FROM THEIR 51ST STATE. |
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SnowmanX
champcaracer
Joined: 08 Oct 2006
Posts: 483
Location: [Don't Eat The Yellow Snow] Where The Huskies Go
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| Posted: Fri Jan 29, 2010 10:01 am Post subject: |
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NEW version of Idiot Cavin's story =>
| IndyStar wrote: |
Tony George halts his IndyCar Series racing team
Lacking sponsors, IRL founder suspends Racing team
By Curt Cavin
Tony George suspended operations of the IndyCar Series team he owns Thursday, capping a tumultuous seven months for the former king of U.S. open-wheel racing and signaling the end of his association with the sport, at least for now.
Indianapolis-based Vision Racing, which George owns with his wife, Laura, does not have the outside sponsorship to continue, and he has decided not to fund the team with his personal holdings.
George, 50, said Thursday that releasing Vision's 16 employees was the most emotional thing he's had to do, but he vowed to return to motorsports.
"I can't begin to put that into words," he said after meeting with Vision staffers. "We're going to continue to try and put together a program so that we can reactivate the team. It's been the greatest group of (people) I've ever had the chance to work with."
George called the suspension "a necessary thing."
Since last year, his diminishing involvement in the sport he once ruled has been startling. On June 30, the longtime leader of Indianapolis Motor Speedway and the founder of the Indy Racing League was forced to resign several key positions within the Hulman-George business empire amid pressure from his family.
The IMS Corp. board is controlled by George's mother, Mari Hulman George, and his three sisters, Josie George, Nancy George and Kathi George-Conforti, and they were concerned about the financial health of the company.
Earlier this month, George resigned his board position. He has consistently refused to discuss the family feud that led to his departure.
Vision was formed in 2005 for George's stepson, Ed Carpenter, to drive the car. Discussing Thursday's developments, emotion was also evident in Carpenter's voice.
"We're suspending operations, but I don't know fully what that means," he said.
Another member of Carpenter's generation, Kyle Krisiloff, lacks the funds to keep racing. Krisiloff is the youngest son of Josie George, considered the strongest voice among George's siblings.
Tony George declined comment on speculation that he is organizing a group to purchase the IndyCar Series. But friend Zak Brown, the founder and CEO of Zionsville-based Just Marketing Inc., said George recently has admitted unfinished business in the sport he loves.
"He told me he started (the IRL in 1996), and he's not done building it and taking it where it needs to go," said Brown, who spent last week skiing with George and former Champ Car World Series co-owner Kevin Kalkhoven in Austria. "I do think Tony has full intentions of coming back in some form in this series."
With the changes atop the IMS management structure, several moves have been made to run the operation differently than it had been under George's stewardship.
Jeff Belskus, who succeeded George as CEO of IMS Corp., is in Orlando this week at an executive team retreat. It is likely he will return with a new league director.
Randy Bernard, founder of Professional Bull Riders, said he has been offered the chance to run the IRL.
"The opportunity with the IRL is very exciting," Bernard said. "It's a tremendous opportunity and one, quite frankly, that doesn't come along very often."
Bernard, who lives in Colorado City, Colo., never has attended an IndyCar Series race, although he said he has seen a few NASCAR events as he pursued -- and hired -- a sales executive from Texas Motor Speedway, which also hosts IRL races.
PBR began with 20 riders giving Bernard $1,000 each, with "three having to borrow the money," Bernard said. It has grown into an international entity with more than $9 million in prize money awarded in 2009.
Bernard's hiring would be the latest in the IMS overhaul that began with the departure of track President Joie Chitwood to International Speedway Corp., which is part of the NASCAR group and the owner of such tracks as Daytona International Speedway.
Also gone are Charlie Morgan, the former president and CEO of IMS Productions (to Emmis Communications), Tony Cotman, the IRL's vice president of Competition (to NZR Consulting) and about 100 staff members laid off in Belskus' cost-cutting initiatives.
Belskus, the chief financial officer in George's 20-year IMS reign, said the moves are positioning the company for future growth. |
Geez, and I was all ready for a New Orleans style funeral parade.
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FTG & FKK SUCK !! |
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